Versus the US dollar, spot gold climbed to a fresh all-time high of US$2,817 last week, though, given current chart studies, it could be due a retracement. The monthly timeframe is knocking on the door of resistance between US$2,923 and US$2,730 (formed by a 1.272% Fibonacci projection ratio and a 100% projection ratio, respectively). Additionally, the RSI recently touched gloves with resistance located in overbought territory at 87.31-82.20. While the uptrend suggests investors will continue to bid gold, a decision point from US$2,428-US$2.290 may be worth pencilling in the watchlist if a long-term correction materialises. What is interesting from a technical perspective on the daily timeframe is that Friday wrapped up in the shape of a shooting star bearish candle after refreshing record highs. Nevertheless, this week will be about support from US$2,790. Countertrend sellers will likely opt for caution at current levels, given support at US$2,790. If price manages to close south of the aforementioned line, this may prompt selling towards demand at US$2,736-US$2,763, closely followed by another layer of support from US$2,715. Conversely, were buyers to defend US$2,790, tripping stops above the shooting star’s upper shadow, refreshing all-time highs, and driving price higher into monthly resistance mentioned above at US$2,923-US$2,730 could all be on the table.
Hello there in XRP chart we saw a range break out so entered to long postions I Guess its not over and XRP can go more up again so i will enter to long postion in 2.65 $ its not financial advise its my analysis about this chart cosnider money manaemnets and risk managmentrs #TradeWithMky @TradeWithmky
A simple chart with fib retracement of the move since the end of October to ATH. This could be a 5-wave move up with correction to the 0.618 retracement and turn into a bull flag pretty soon. Or it can keep correcting within that channel. Tesla is a stock that is not trading on fundamentals, but on investor sentiment and Elon Musk mixed with lots of fibonacci pinball by the trading algorithms. It all depends on the NDX. If the index goes up, so does TSLA. If it doesn't, next target is 320$.
XAGAUD potential price movement Based on your targets, it looks like you're anticipating an upward trend, with initial targets set at 51.000 and 52.000. However, it's important to keep an eye on market conditions such as trend strength, volatility, and support/resistance levels to confirm this bias. you may find more details in the chart. PS Support with like and comments for more insights Thanks.
Apple will be giving iCloud users a new way to invite people to parties, meetings, and other events, according to Bloomberg’s Mark Gurman. The company has code-named the service Confetti, and it could launch as early as this week, Gurman says. There aren’t many details about how it will actually work, but Confetti is reportedly […] © 2024 TechCrunch. All rights reserved. For personal use only.
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